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Taiwan CSC's Nov carbon steel sales up, profits down

ABSTRACT

China Steel Corp (CSC), Taiwan's top integrated steel producer headquartered in Kaohsiung, South Taiwan, has announced that during last month, its carbon steel sales increased by another 17,538 tonnes or 2.2% on month to 799,535 tonnes, while its gross profit shrank further with the fall in steel prices in Taiwan.
Despite the further recovery in November, CSC's carbon steel sales last month were still 85,755 tonnes or 9.7% lower compared with one year earlier, Mysteel Global learned from CSC's available data.   "End-users are not active in buying from steel producers, considering the accumulated stocks they have at hand, because the orders

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